$BTC UPDATE šØ My previous analysis predicted a potential range-bound scenario, a bullish breakout, or a bearish downturn for Bitcoin. And boy, did we get a rollercoaster of price action! š¢
$BTC initially defied my range-bound expectations by surging past resistance levels ($67,499.99 and $67,545.39), reaching a thrilling high of $68,474.55 - a clear victory for the bulls! š However, the euphoria was short-lived as the bears regained control, driving the price down to a low of $65,441.08, shattering our initial support levels ($67,195.72 and $66,846.05). š
This downward move aligned perfectly with my bearish outlook, which predicted a potential decline to $65,500 - $65,000 if BTC encountered selling pressure and fell below the immediate support levels. š Currently trading at $65,962.26, Bitcoin is attempting to stabilize, but the overall picture remains uncertain. š¤
Remember, the crypto market is known for its volatility, so stay alert and adapt your strategies to the changing market conditions! šš”